Birdwatch Note Rating
2022-10-08 21:18:14 UTC - HELPFUL
Rated by Participant: C264DE323534A3FA02C69D31AE0F5F8955DFFB0B38766C67C853DF5390926F1F
Participant Details
Original Note:
Whether other users believe the high prices are justified or not is beside the point: it's true that these high prices have resulted in record profits. Windfall taxes are used when unusually high taxes lead to very high profits, as is the case here. https://www.theguardian.com/business/2022/jul/29/oil-gas-company-profits-fuel-prices-shell-exxon-chevron https://www.washingtonpost.com/world/2022/08/08/oil-companies-profits-inflation/ https://www.taxpolicycenter.org/taxvox/petroleum-profit-tax-would-be-efficient-and-progressive
All Note Details